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English definition of “tax-favoured”

tax-favoured

adjective UK ( US tax-favored)     FINANCE, TAX
tax-favoured investments allow people to keep profits up to a particular limit without having to pay tax on them: ISAs were essentially set up to allow people on lower incomes to save in a tax-favoured environment. The measure will make it easier for employees and employers to contribute to tax-favored savings accounts.
(Definition of tax-favoured adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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